The latest data on the Basic Fuel Price from the Central Energy Fund shows a petrol price increase of almost R4 for June 2022.
South African motorists could be paying R3.81 or more per litre of petrol from next month, theaverage under-recoveries of roughly R2.07 for unleaded 95 petrol and R2.03 for unleaded 93.
Combined with the return of the GFL, motorists could see an increase of about R3.81 per litre next Wednesday, should the exchange rate and oil price remain roughly the same. shows that from 25 February 2022 to 8 March 2022, the price per barrel of Brent Crude Oil surged from about $88 to $125. Alongside the announcement of GFL reduction, the government had promised further measures to alleviate pressure on motorists in the long term.
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